CMS Energy Corporation (CMS)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,003,000 | 887,000 | 837,000 | 1,353,000 | 755,000 |
| Total assets | US$ in thousands | 35,920,000 | 33,517,000 | 31,353,000 | 28,753,000 | 29,666,000 |
| ROA | 2.79% | 2.65% | 2.67% | 4.71% | 2.55% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,003,000K ÷ $35,920,000K
= 2.79%
The return on assets (ROA) for CMS Energy Corporation has shown varying trends over the past five years. In December 31, 2020, the ROA was recorded at 2.55%, which increased significantly to 4.71% by December 31, 2021, indicating improved profitability relative to its total assets. However, in the following years, there was a slight decline in the ROA, with figures of 2.67% in 2022, 2.65% in 2023, and 2.79% in 2024.
Overall, the company's ROA has demonstrated some fluctuations, but it appears to have maintained a reasonable level of profitability relative to its asset base. It is important for CMS Energy Corporation to continue monitoring and managing its assets effectively to sustain or improve its ROA in the future.
Peer comparison
Dec 31, 2024